Investing.com - Oi ADR reported on Monday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Oi ADR announced earnings per share of $-0.08 on revenue of $898.21M. Analysts polled by Investing.com anticipated EPS of $-0.08 on revenue of $891.72M. That with comparison to EPS of $0.05 on revenue of $1.34B in the same period a year before.Oi ADR had reported EPS of $-0.11 on revenue of $947.97M in the previous quarter.Analysts are expecting EPS of $-0.06 and revenue of $894.82M in the upcoming quarter.
Oi ADR shares are down 14.27% from the beginning of the year and are trading at $0.799 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Oi ADR follows other major sector earnings this month
Oi ADR's report follows an earnings beat by Tencent ADR on Wednesday, May 13, 2020, who reported EPS of $0.42 on revenue of $15.23B, compared to forecasts EPS of $0.33 on revenue of $14.28B.
SoftBank Group had missed expectations on Monday, May 18, 2020 with first quarter EPS of $-3.23 on revenue of $14.72B, compared to forecast for EPS of $-0.71 on revenue of $23.64B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar